Bearing Lithium carries out all aspects of exploration and development from grassroots prospecting to feasibility studies. The Company is currently focused on identifying, advancing, and de-risking lithium projects.


Bearing Lithium Corp. is a mineral exploration and development company, focused primarily on lithium. Through an agreement with Li3 Energy Inc. (OTCQB:LIEG), Bearing will acquire an undivided 17.7% interest in the advanced-stage Maricunga project located in Chile. The Maricunga lithium brine project represents one of the highest-grade undeveloped lithium salars in the Americas. Over US$30 million has been invested in the project to date and all future expenditures through to the delivery of a Definitive Feasibility Study (DFS) are fully-funded by it's joint venture partners. A Pre-Feasibility Study (PFS) is anticipated in Q4/17 and a Definitive Feasibility Study (DFS) is anticipated in H1/18.


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Why Bearing ?


The Asset

The Salar de Maricunga represents one of the highest-grade, undeveloped salars in the Amercias second in grade only to the Salar de Atacama, which accounts for 100% of Chile’s production or about 40% of global production. The project is located in Region III of Atacama in northern Chile, approximately 170 km northeast of Copiapo and adjacent to International Highway 31. The project is host to a JORC M&I resource of 1.7million tonnes of lithium carbonate equivalent (“LCE”) at a grade of 1,143 mg/L lithium (Li) plus an Inferred resource of 0.4 million tonnes of LCE at a grade of 1,289 mg/L Li. The project is comprised of a number of tenements totaling 4,463 hectares, of which some are grandfathered under a previous mining code which may allow for the exploitation of lithium.


The Agreement

The newly formed joint-venture agreement (c.f. September 13th, 2016) outlines a 50% interest for Lithium Power International Ltd (ASX:LPI), a 32.3% interest for Minera Salar Blanco (private co) and a 17.7% interest for Li3 Energy (OTCQB:LIEG). Under the agreement, Lithium Power International will provide initial capital of US$8.38 million to facilitate the first two phases of development over the coming 12-months. The Phases 1 & 2 exploration program will include the drilling of 16 exploration wells, 2 pump test wells, an updated JORC-compliant resource, the construction of a lithium and potash pilot plant, evaporation ponds, and other associated infrastructure plus the commencement of an Environmental Impact Assessment (EIA) and Definitive Feasibility Study (DFS). Lithium Power International will also fund a Phase 3 program of US$13.62 million to complete the aforementioned EIA and DFS, both of which are anticipated in 2018.

News Releases


Bearing Announces JORC M&I Resource of 1.7Mt LCE and Inferred Resource of 0.4Mt LCE – NI 43-101


Vancouver, British Columbia - Bearing Lithium Corp. ("Bearing" or the "Company") (TSX Venture: BRZ) (OTCQB: BRGRF) (FRANKFURT: B6K1) has received an updated JORC resource estimate from Li3 Energy Inc (“Li3”) from the..

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Bearing Files Third Response to SEC Comments and Settlement of Li3 Convertible Notes


Vancouver, British Columbia - Bearing Lithium Corp. ("Bearing" or the "Company") (TSX Venture: BRZ) (OTCQB: BRGRF) (FRANKFURT: B6K1) is pleased to announce that, on July 11, 2017, it filed a response to the Unit..

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Bearing Files Response to SEC Comments


Vancouver, British Columbia - Bearing Lithium Corp. ("Bearing" or the "Company") (TSX Venture: BRZ) is pleased to announce that, on June 15th, 2017, it filed a response to the United Securities and Exchange Commissio..

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